2021 Global Special Vehicle Industry Market Status and Development Trend Analysis

       In 2020, the global special-purpose vehicle market will be severely affected by the epidemic, and production and demand have been suppressed to a certain extent. With the arrival of the post-epidemic era, the global special-purpose vehicle market will gradually recover, and future market demand will gradually be on track. At present, the global output of special vehicles is mainly light-duty vehicles, and the output is relatively large in North America and the Asia-Pacific region.

       Major listed companies in the domestic special-purpose vehicle industry: Foton Motor (600166), Jianghuai Automobile (600418), Changan Automobile (000625), Dongfeng Motor (600006), Sany Heavy Industry (600031), China National Heavy Duty Truck (601989)

The core data of this article: production, sales

Global production is greatly affected by the closure of the city

From 2016 to 2020, the global commercial vehicle production will increase first and then decrease.  In 2020, due to the impact of the epidemic, the city will be shut down to varying degrees, which will affect the production of commercial vehicles in 2020.  In 2020, the global output of commercial vehicles is only 21.57 million. 

Light-duty special purpose vehicles occupy a major position in the global special purpose vehicle market

From 2019 to 2020, the competitive landscape of commercial vehicles is roughly the same, with light commercial vehicles still dominating.  In 2020, light commercial vehicles accounted for 78.98% of total commercial vehicle output; heavy commercial vehicles accounted for 20.02% of total commercial vehicle output. Therefore, it seems that the global commercial vehicle production trend is still dominated by light commercial vehicles, supplemented by heavy commercial vehicles. 

Larger production in North America and Asia Pacific

From 2018 to 2020, the main production areas of global special vehicles will be North America and the Asia-Pacific region, accounting for more than 70% of global special vehicle production.  In 2020, North America production will be 10.153.7 million vehicles, and the Asia-Pacific region will produce 8.452 million vehicles. 

Demand suppressed by the epidemic is gradually releasing

From 2015 to 2020, the global sales of special vehicles will increase first and then decrease.  In 2020, global commercial vehicle sales were 24.37 million, a decrease of 8.69% year-on-year, mainly due to the negative impact of the arrival of the epidemic.

On the whole, the global demand for commercial vehicles has been partially suppressed by the impact of the epidemic, but in the future, with the advent of the post-epidemic era, global demand for commercial vehicles will be released and grow further. 

In the future, special vehicles will continue to develop towards the "four modernizations"

Most of the products in the special-purpose vehicle industry are market-oriented development. Under the guidance of new market demand, special-purpose vehicle companies are encouraged to develop new products to meet market demand. In the future, the global special-purpose vehicle market will develop towards specialization, heavy-duty and high-speed, intelligent, lightweight and environmental protection, which is mainly to meet more and more detailed market needs, as well as intelligent and low-carbon environmental protection. The general direction of development. Global special-purpose vehicle manufacturers should carry out research and development of new models in a timely manner to seize development opportunities in advance to seize the market.